Report
Schaeffler AG : We expect upbeat Q1 2021e results; target price lifted to € 9.50 (vs € 8.50). Outperform maintained
>We expect an upbeat set of Q1 2021e results driven by Automotive Technologies - Schaeffler is to report Q1 2021 results on 12 May. We forecast Q1 2021 group sales growth of +9% y-o-y to € 3,574m, mainly driven by a pronounced y-o-y- recovery in global LV production in Q1 2021 (IHS: +11% y-o-y) with China especially likely to experience double-digit y-o-y growth (IHS: +70% y-o-y). We expect Q1 2021e group EBIT before exceptionals to improve 73% y-o-y to € 371m (10.4% ...
Underlying
Schaeffler AG
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Harald Eggeling
Other Reports on these Companies
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.